This screen here is useful for finding those stocks starting to catch some momentum to the upside. This is similar to its sister-screen that I call “Stocks That Are Breaking Down” (but just the exact opposite). For a day like we are seeing today, it is useful to see those stocks that could benefit from an extended rally over the next few days or weeks, should that happen.
Of those stocks mentioned, below, Canadian Solar (CSIQ) is trending nicely upwards, with a recent pullback to support, while Core Laboratories (CLB) is breaking out on a textbook cup and handle pattern. Finally, International Speedway (ISCA) has a double bottom/breakout forming before us, offering an intriguing risk/reward scenario.
Here are the 34 Stocks That Are Gaining Momentum.